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Since its establishment in 1984, the Standing Committee has produced 11 annual reports. Of the total 57 recommendations which the Committee has made, 44 have so far been implemented and a further 12 are included in proposals for legislative amendments being prepared.
Copies of the Standing Committee's Report can be obtained from the Secretary of the Standing Committee on Company Law Reform (Tel 2867 2819, fax 2869 6817 or 2596 0585), or in person to the Companies Registry, 12th floor, Queensway Government Offices, 66 Queensway, Hong Kong.
End/Friday, July 28, 1995
Company regulation approved by ExCo
The Governor-in-Council has approved the Company (Forms) (Amendment) Regulation 1995 to provide for the use of either English or Chinese in the Regulations.
The amendment is in line with the Companies (Amendment) Ordinance just passed into law on July 26 which provides for, among other things, the use of either English or Chinese under the Companies Ordinance.
"The opportunity is also taken to simplify the provisions regarding the certification of true copies of company documents overseas," a government spokesman said.
"The amendment Regulation will be brought into operation together with the commencement of the relevant provisions of the Companies (Amendment) Ordinance concerning the use of either language.
"This will be as soon as the Companies Registry is ready to put in place a bilingual system for the filing of company documents," he added.
End/Friday, July 28, 1995